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Laos, Cambodia Share Lessons on Finance and Accounts

November 20, 2016
Posted in&nbspUncategorized

The Finance and Accounting Department, Bank of Lao PDR, in cooperation with the National Bank of Cambodia, have joined hands to organize a seminar on finance and accounts of the central bank to streamline the financial system.

The seminar was held in Vientiane Capital on November 16-17 in the presence of the General Director of the Finance and Accounts Department, Bank of Lao PDR, Mrs Khankeo Lamanyngao, the General Director of Accounts Department of Cambodia, Mr Ly Bounsom, and concerned officials of the two countries.

The event was held based on the mutual memorandum of understanding on cooperation of the two banks – Laos and Cambodia – aiming to exchange lessons and upgrade bank officials’ capacity, Mrs Khankeo said.

The participants learned about documents on financing and accounting systems of both central banks in order to bring shared lessons into their workplaces to ensure more transparent implementation of accounting systems and finance in line with the laws and standards of international accounts.